How Does Price of Bitcoin Volatility Change?

Yutaka Kurihara, Akio Fukushima


The trading volume of Bitcoin has increased immensely since its conception. Bitcoin is a cryptocurrency, it is not a legal currency but rather a private monetary system that manages by itself and does not depend on governments or central banks. It is an autonomous currency system that is not liable to any governing body. Some fear that the increase of Bitcoin usage, as it is quite different from traditional currencies and is free from control or regulations by monetary authorities. Although its popularity has grown worldwide, fluctuations of the prices are sometimes erratic. Hence, such large and sudden movements would dampen the sound development of Bitcoin. This paper examines how the volatile price of Bitcoin changes empirically. The empirical results show that there is a difference between short-term volatility and long-term volatility. Traders should see not only the short-term movements in volatile Bitcoin pricing but also long-term developments.

Full Text:




  • There are currently no refbacks.

Creative Commons License
This work is licensed under a Creative Commons Attribution 4.0 International License.

International Research in Economics and Finance  ISSN 2529-8038 (Print)  ISSN 2591-734X (Online)

Copyright © July Press

To make sure that you can receive messages from us, please add the '' domain to your e-mail 'safe list'. If you do not receive e-mail in your 'inbox', check your 'bulk mail' or 'junk mail' folders.